Non competition, Non solicitation and Non disclosure



 Exhibit 10.3 
 NON-COMPETITION, NON-SOLICITATION, AND 
 NON-DISCLOSURE AGREEMENT 
 THIS NON-COMPETITION, NON-SOLICITATION, AND NON-DISCLOSURE AGREEMENT
(“Agreement”) is entered into by and among First Community Bank Corporation of America, First Community Bank of America (collectively, “Employer”) and Clifton E. Tufts (“Employee”). 
 WHEREAS, Employee serves as Employer’s Executive Vice President and in such capacity has: (i) access to Employer’s trade
secrets and other valuable confidential business information; and (ii) substantial relationships with Employer’s existing and prospective customers and clients. 
 NOW, THEREFORE, in consideration of Employer’s continued employment of Employee, and the grant of stock options and the severance payment described below, Employee hereby agrees to certain
anti-competitive covenants contained herein. 
 SECTION 1 
 TERM OF AGREEMENT 
 This Agreement shall remain in
effect for the period in which Employee remains employed by Employer and certain provisions will continue to remain in effect after Employee’s termination, as otherwise provided for in this Agreement. This Agreement may be terminated by
Employer for “just cause,” which is defined to mean termination of Employee’s employment by Employer for Employee’s personal dishonesty (directly or indirectly) resulting in gain to, or personal enrichment of, Employee at the
expense of Employer, insubordination, misconduct or conduct unbecoming a senior officer of a financial institution which could have a material negative reflection upon the Employer, breach of fiduciary duty, failure to materially perform the duties
required of his senior officer position with Employer, violation of a significant law, rule or regulation (other than minor traffic violations or similar offenses), violation of a final cease-and-desist order, or personal default on indebtedness
which is not corrected within 30 days from the date of default. 
 SECTION 2 
 SEVERANCE PAYMENT 
 In the event Employer terminates Employee’s employment for any reason (other than “just cause” or illness or incapacity wherein Employee is covered by disability insurance provided by Employer to all senior officers) Employer
shall pay to Employee a severance payment of one year’s base salary within five business days of such termination. 
 SECTION 3 
 STOCK OPTIONS 
 In recognition of Employee’s contribution to Employer and Employee’s execution of this Agreement, Employer shall grant Employee stock options to purchase 12,500 shares of common stock of First
Community Bank Corporation of America. The per share price shall be the per share closing price on the grant date (the date this agreement is executed by Employee, The stock options granted pursuant to this Agreement are non-qualified options, which
shall vest immediately upon the date of grant and shall have a six-year term within which they may be exercised. 







 SECTION 4 
 AGREEMENT NOT TO COMPETE 
 Employee agrees that during the term of this
Agreement and for a period of one year following Employee’s termination for any reason, Employee shall not become employed, directly or indirectly, whether as an employee, independent contractor, consultant, or otherwise, with any
federally-insured financial institution, financial holding company, bank holding company, or other financial services provider, in which the employment position is associated with lockbox activities or lockbox servicing, and which is located within
20 miles of any lockbox customer of Employer within the State of Florida at the time of Employee’s termination of employment with Employer. 
 SECTION 5 
 AGREEMENT NOT TO SOLICIT 
 Employee further agrees that during the term of this Agreement and for a period of one year following Employee’s termination for any
reason, Employee shall not, directly or indirectly, solicit the business of any then current lockbox customer (both borrower and depositor) of Employer, regardless of whether or not Employee was responsible for generating such customer’s
business for Employer. In addition, Employee agrees that during the term of this Agreement and this provision, Employee shall not directly or indirectly solicit the employment of any then current employee of Employer. 
 SECTION 6 
 AGREEMENT NOT TO DISCLOSE 
 During and after the term of this Agreement, Employee shall use his best efforts
and utmost diligence to guard and protect all of the Employer’s trade secrets (as defined in Section 688.002[4], Florida Statutes), and any other confidential business information. Employee shall not, either during or after the term of
this Agreement, for any reason, use in any capacity, or divulge or disclose in any manner, to any person or entity, the identity of Employer’s customers, methods of operation, marketing or promotional methods, processes, techniques, systems,
formulas, programs, trade secrets, or other confidential information relating to Employer’s business. Upon termination of Employee’s employment, for any reason, Employee shall immediately return and deliver to Employer, all records and
papers and all materials which bear trade secrets or other confidential business information. 
 SECTION 7 
 REPRESENTATIONS AND ACKNOWLEDGMENTS OF EMPLOYEE 
 Employee hereby agrees that the duration of the anti-competitive covenants set forth in Sections 4, 5, and 6 of this Agreement are reasonable, and that their geographic scope is not unduly restrictive.
Furthermore, Employee acknowledges that Employer has a legitimate business interest in enforcing the anti-competitive covenants contained in Sections 4, 5, and 6 of this Agreement, because of Employee’s access to valuable and confidential
information about Employer, as well as confidential information about Employer’s existing and prospective customers. 
  

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 SECTION 8 
 ENFORCEMENT 
 Employer and Employee acknowledge and agree that money
damages cannot fully compensate Employer in the event of Employee’s violation of the provisions of Sections 4, 5, or 6 of this Agreement, Thus, in the event of a breach of any of the provisions of Sections 4, 5, or 6 of this Agreement, Employee
agrees that Employer, upon application to a court of competent jurisdiction, shall be entitled to an injunction restraining Employee from any further breach of the terms or provisions of Sections 4, 5, or 6. Employee’s sole remedy, in the event
of the wrongful entry of such injunction, shall be the dissolution of such injunction. Employee hereby waives any and all claims for damages by reason of the wrongful issuance of any such injunction. 
 SECTION 9 
 MODIFICATION AND WAIVER 
 This Agreement may not be modified or amended except as agreed to in writing by the
parties hereto. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such
waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or
condition for the future, or as to any act other than that specifically waived. 
 SECTION 10 
 ATTORNEYS’ FEES 
 In the event of any proceeding occurring out of or involving this Agreement, the prevailing party shall be entitled to the recovery of reasonable attorneys’ fees, expenses, and costs, including fees and costs to enforce an award.

 SECTION 11 
 SEVERABILITY AND REFORMATION 
 The invalidity or unenforceability of any
provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in foil force and effect. In the event a court of competent jurisdiction shall rule that any of
the provisions of Section 4, 5, or 6 is unenforceable due to their length, geographic area, or scope, Employer and Employee hereby request that such court reform the terms of those Sections so that they may be enforceable. 
  

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 SECTION 12 
 HEADINGS FOR REFERENCE ONLY 
 The headings of the
Sections herein are included solely for convenience of reference and shall not control the meaning or the interpretation of any of the provisions of this Agreement. 
 SECTION 13 
 APPLICABLE LAW 
 This Agreement shall be governed in all respects and be interpreted by and under the laws of the State of Florida, and venue for any action
hereunder shall lie in Pinellas County, Florida. 
 SECTION 14 
 ASSIGNMENT 
 This Agreement shall inure to the benefit
of and be binding upon the Employee, and to the extent applicable, his heirs, assigns, executors, and personal representatives, and to the Employer. This Agreement, however, may not be assigned by Employer to its successors, including, without
limitation, any person or entity that may acquire all, or substantially all, of Employer’s assets and business, or with or into which Employer may be consolidated or merged (other than through an intra-company reorganization or merger), without
the written consent of Employee, which may be withheld for any reason. This provision shall apply in the event of any subsequent merger, consolidation, or transfer. 
 SECTION 15 
 NO CONTRACT OF EMPLOYMENT 
 This Agreement shall not, under any circumstances, be deemed to constitute an employment contract between Employer and Employee. Nothing
contained in this Agreement shall be deemed to give Employee the right to be retained in the service of Employer, or to interfere with the right of Employer to discharge Employee at any time. 
  

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 IN WITNESS WHEREOF, Employer and Employee have duly executed this
Agreement this 28th day of March, 2005. 
  

			
	EMPLOYEE
	
	 /s/ Clifton E. Tusfs

	Clifton E. Tufts, Executive Vice President
	
	 FIRST COMMUNITY BANK CORPORATION OF AMERICA

		
	By:	 	 /s/ Kenneth P. Cherven

		 	Kenneth P. Cherven
		 	President and Chief Executive Officer
	
	FIRST COMMUNITY BANK AMERICA
		
	By:	 	 /s/ Kenneth P. Cherven

		 	Kenneth P. Cherven
		 	President and Chief Executive Officer


  

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